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tagged with a voe fraud by u/w

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homelessin la

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PostPosted: Fri Nov 07, 2008 12:15 pm    Post subject: tagged with a voe fraud by u/w

u/w said my voe was fraud and red flagged it.i been at my job for 16 yrs.
can that be reversed?

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Icon Mini Profile gmakerley
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PostPosted: Fri Nov 07, 2008 12:17 pm    Post subject:

the very simple answer to your question ought to be "yes."

however, lacking any details about what it is that was found, i would be unable to certify that yes answer. what was it that the underwriter found? do you have that information?

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homlessin la

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PostPosted: Fri Nov 07, 2008 12:25 pm    Post subject: voe

they said my voe was fraud because i sent it in my self to speed up process.they never done a vo by phone or voe by faqx??
 
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Icon Mini Profile gmakerley
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PostPosted: Fri Nov 07, 2008 12:41 pm    Post subject:

and did you send it in yourself? if so, that's fraudulent. one cannot verify one's own employment.
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George M. Akerley
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Freedom Mortgage Corporation
37 Jerome Avenue
Bloomfield, CT 06002
860-286-0444
 
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homlessin la

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PostPosted: Fri Nov 07, 2008 1:00 pm    Post subject: voe.

my hr dept filled it out. all i did was fax it to processor?
 
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PostPosted: Fri Nov 07, 2008 1:02 pm    Post subject:

how in the world did they discover that you were the individual who faxed it? and why would the hr department give it to you to fax back? they ought to know that's not the rule.
 
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Icon Mini Profile gmakerley
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PostPosted: Fri Nov 07, 2008 1:03 pm    Post subject:

how in the world did they discover that you were the individual who faxed it? and why would the hr department give it to you to fax back? they ought to know that's not the rule.

this is me, of course - forgot to log back in

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George M. Akerley
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Freedom Mortgage Corporation
37 Jerome Avenue
Bloomfield, CT 06002
860-286-0444
 
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homlessin la

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PostPosted: Fri Nov 07, 2008 1:27 pm    Post subject: voe

can that be reversed? what are my options?everything is lagitt.
 
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Icon Mini Profile gmakerley
gmakerley
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PostPosted: Fri Nov 07, 2008 1:30 pm    Post subject:

maybe you need to have your hr department speak with the loan officer, and perhaps through the lo to the underwriter.

these are hard times in the mortgage world - underwriters are afraid to inch out on a limb, let alone step out, so decisions are far more conservative than we used to see. i wouldn't be surprised to find this underwriter stick to his or her guns. you may have to find a new lender, but see what you can work out with this one first.

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George M. Akerley
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Freedom Mortgage Corporation
37 Jerome Avenue
Bloomfield, CT 06002
860-286-0444
 
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Icon Mini Profile jameshogg
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PostPosted: Sat Nov 08, 2008 12:01 am    Post subject:

Hi homlessin la!

I feel that you should seek a different lender and this time when there is a VOE, you can ask your HR department to fax it to the lender. I agree with George M. Akerley that with the recent developments in the mortgage markets, lenders have become very cautious about giving loans.

Thanks.
 
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Icon Mini Profile jveenstra




Joined: 10 Nov 2008

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Location: River Edge, New Jersey


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PostPosted: Mon Nov 10, 2008 11:28 am    Post subject:

If everything is legit, the simplest thing to do would be to apply with another lender or, if the loan officer with whom you are dealing has access to another lending source, let him do it. You can, of course, have lengthy conversations with the underwriter and document and write a lot of stuff and you may be successful, but, easier to just apply elsewhere.
 
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Icon Mini Profile bearboysj
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PostPosted: Tue Nov 11, 2008 2:11 pm    Post subject:

It is never acceptable under ANY circumstance that a borrower assist in the process of document, income, form, etc verification. If any broker/lender/anyone asks you to hand carry or intervene on getting a form faster that would involve your physical hand on the document, you should always say no.

Being an underwriter as long as I have, if the company who denied you for fraudulent VOE is probably also looking at broker/loan officer to see if their processes allow for this kind of activity on a daily basis.

My suggestion unfortantly would be to look at different lender and hope they don't go to the same bank for financing.

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Flagstar Bank, FSB
 
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